Gaia (NASDAQ:GAIA) Stock Rating Upgraded by ValuEngine

Gaia (NASDAQ:GAIA) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Wednesday, ValuEngine reports.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Gaia from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a report on Thursday, September 5th. Lake Street Capital cut their price objective on shares of Gaia from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $15.50.

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Shares of NASDAQ GAIA traded up $0.52 during trading hours on Wednesday, reaching $8.21. 131,777 shares of the stock traded hands, compared to its average volume of 106,664. The company’s 50-day simple moving average is $6.80 and its two-hundred day simple moving average is $8.11. The company has a market capitalization of $128.50 million, a P/E ratio of -4.19 and a beta of 1.10. Gaia has a 52-week low of $5.68 and a 52-week high of $17.20. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

Gaia (NASDAQ:GAIA) last issued its earnings results on Monday, August 5th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.06. Gaia had a negative return on equity of 39.97% and a negative net margin of 66.00%. The business had revenue of $13.16 million during the quarter, compared to analyst estimates of $13.09 million. As a group, sell-side analysts forecast that Gaia will post -1.1 earnings per share for the current fiscal year.

In related news, Chairman Jirka Rysavy purchased 105,879 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were acquired at an average cost of $7.14 per share, with a total value of $755,976.06. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Paul Howard Sutherland purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was bought at an average cost of $6.28 per share, for a total transaction of $94,200.00. Following the completion of the purchase, the director now directly owns 89,057 shares in the company, valued at $559,277.96. The disclosure for this purchase can be found here. Insiders have bought 278,379 shares of company stock worth $2,369,126 over the last ninety days. Insiders own 34.83% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC increased its stake in shares of Gaia by 24.4% in the second quarter. Parametric Portfolio Associates LLC now owns 14,812 shares of the company’s stock worth $112,000 after buying an additional 2,901 shares during the period. Northern Trust Corp boosted its position in Gaia by 2.7% during the 2nd quarter. Northern Trust Corp now owns 128,042 shares of the company’s stock valued at $971,000 after buying an additional 3,335 shares during the period. Bank of New York Mellon Corp boosted its position in Gaia by 12.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 41,972 shares of the company’s stock valued at $317,000 after buying an additional 4,524 shares during the period. Shepherd Kaplan Krochuk LLC grew its holdings in Gaia by 39.5% in the 2nd quarter. Shepherd Kaplan Krochuk LLC now owns 106,094 shares of the company’s stock worth $804,000 after acquiring an additional 30,067 shares during the last quarter. Finally, AWM Investment Company Inc. grew its holdings in Gaia by 121.7% in the 2nd quarter. AWM Investment Company Inc. now owns 716,180 shares of the company’s stock worth $5,429,000 after acquiring an additional 393,206 shares during the last quarter. Hedge funds and other institutional investors own 47.81% of the company’s stock.

About Gaia

Gaia, Inc operates a digital video subscription service and online community that caters underserved subscriber base worldwide. The company has a digital content library of approximately 8,000 titles available to its subscribers on Internet-connected devices. Its subscribers have access to a library of films, documentaries, interviews, yoga classes, transformation related content, and others for digital streaming.